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Commercial Act & Stock Reform - Full Coverage
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1A bill requiring companies to cancel repurchased shares passed the committee.
2It aims to boost share value by ending the use of treasury stock for defense.
3The move is expected to protect retail investors and resolve the Korea Discount.
1The Commercial Act amendment requiring stock cancellation has passed.
2It stops misuse for management defense and protects minority shareholders.
3Reduced share count will boost per-share value and market activity.